Published on : May 10, 2017
Albany, New York, May 10, 2017: With the increasing popularity of mobile devices, the demand for mobile communication technology continues to rapidly grow all around the world. There are 5.6 billion mobile customers which are equivalent to around 80% of the world population and due to this, every year the smartphone industry displays different shipment value and sales. At the uppermost level, global smartphone shipments are still strong, but shipments are displaying signs of a plateau. Market Research Hub (MRH) has recently broadcasted a new report to its vast collection, which is titled as “Mobile Communications Industry Developments & Future Trends”. As the title suggests, the report provides valued information on the mobile communications industry including significant industry data at a global and regional level; deep insights into the activities of the operators and identification of trends and opportunities.
Today, smartphones are the most demanded electronic devices due to a change in the lifestyle of people, where having a smartphone is not just a necessity but a norm. The facilities provided by a smartphone from calling to internet access with high broadband connectivity is the major factor for its demand. Mobile broadband access using the 3G and now the 4G/LTE networks has continued to expand as users continue to add tablets, modems and phones to use alternative communication methods and cloud-based service. Also, 5G trials and initial market deployment will be a key focus in 2017.
This comprehensive report provides insights into market performance and studies the global smartphone market in terms of market value & volume in the coming few years. The analysis has been done on the basis of the year 2016 smartphone industry performance, recent developments by leading mobile operators and their deployment strategies. As per the findings, the smartphone industry has experienced a large amount of smartphone shipment sales in the year 2016 and while sales volume was high, vendors are trying to find ways to stand out in a crowded marketplace. After a phase of double-digit growth, mature markets such as North America and Western European countries is now either stagnant or declining in the global smartphone shipments.
Moreover, the study findings further reveal that the global smartphone industry is still anticipated to grow over 5% year-on-year in 2017. Future growth in the market will be driven by falling prices of smartphones, cheaper mobile/voice data services and attractive price bargains for consumers due to increasing competition, the proliferation of mobile network technologies including 3G, 4G (LTE and WiMAX) and 5G. This report examines major smartphone vendors' deployment strategies and gives buyers plenty of information to examine through for global and regional trends, as well as showing which brands are coming out on top and which are struggling to perform in today’s ultra-competitive market.
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Furthermore, major vendors' development highlights, including Samsung, Sony, OPPO, LG, Huawei, ZTE, Nokia, Blackberry and Meizu are mentioned. The outlook for the 5G industry, the development roadmap of leading telecom operators such as Verizon, AT&T, and China Mobile are well discussed in the study.
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